Definition
An RFP is a document a buyer issues to solicit structured proposals from vendors against a defined set of requirements.
RFPs only work when the requirements are specific and comparable; vague RFPs produce proposals scoped so differently you can't compare them like for like. Pair the RFP with a locked scope and a gap analysis that scores how much of that scope each proposal actually covers.
Go deeperHow to write a software RFP that gets comparable bidsRelated terms
From definition to deal
Benchside turns rfp into the exact questions, exclusions, and lock-in math for your specific vendor - your first project is free.